Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI) Stock Short Interest Report for October

Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 47,766 shares, a decrease of 45.9% from the September 30th total of 88,248 shares. Currently, 1.3% of the company’s stock are sold short. Based on an average daily trading volume, of 13,384 shares, the days-to-cover ratio is currently 3.6 days.

Global X S&P 500 Risk Managed Income ETF Stock Down 0.1%

XRMI stock traded down $0.02 during midday trading on Monday, hitting $16.98. 4,987 shares of the company traded hands, compared to its average volume of 19,456. Global X S&P 500 Risk Managed Income ETF has a twelve month low of $16.73 and a twelve month high of $18.08. The business has a 50 day simple moving average of $17.27 and a 200-day simple moving average of $17.36. The stock has a market capitalization of $62.49 million, a price-to-earnings ratio of 25.29 and a beta of 0.35.

Hedge Funds Weigh In On Global X S&P 500 Risk Managed Income ETF

A number of institutional investors and hedge funds have recently bought and sold shares of XRMI. Envestnet Asset Management Inc. lifted its position in Global X S&P 500 Risk Managed Income ETF by 21.5% in the second quarter. Envestnet Asset Management Inc. now owns 177,835 shares of the company’s stock worth $3,057,000 after purchasing an additional 31,462 shares during the period. Foguth Wealth Management LLC. acquired a new position in Global X S&P 500 Risk Managed Income ETF in the third quarter valued at about $12,741,000. Cetera Investment Advisers grew its position in Global X S&P 500 Risk Managed Income ETF by 24.9% during the 1st quarter. Cetera Investment Advisers now owns 188,730 shares of the company’s stock worth $3,190,000 after acquiring an additional 37,678 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Global X S&P 500 Risk Managed Income ETF during the second quarter worth $207,000. Finally, Tactive Advisors LLC grew its holdings in Global X S&P 500 Risk Managed Income ETF by 6.3% during the 2nd quarter. Tactive Advisors LLC now owns 33,893 shares of the company’s stock worth $583,000 after acquiring an additional 1,999 shares during the last quarter.

Global X S&P 500 Risk Managed Income ETF Company Profile

The Global X S&P 500 Risk Managed Income ETF (XRMI) is an exchange-traded fund that is based on the Cboe S&P 500 Risk Managed Income index. The fund tracks an index that holds S&P 500 stocks combined with an options collar strategy. The fund buys 5% OTM put options and sells ATM covered call options on a monthly basis. XRMI was launched on Aug 25, 2021 and is managed by Global X.